The expected selling price less disposal costs less the cost of completion The expected selling price of the inventory The replacement cost of the inventory The market price of the inventory Reference

What will be the Book value of asset if its Original cost is Rs. 100,000; Accumulated depreciation is Rs. 40,000; and Depreciation for the year is Rs. 20,000? Select correct option:

Rs. 140,000 Rs. 160,000 Rs. 80,000 Rs. 60,000

Question # 4 of 15 ( Start time: 07:12:57 PM ) Total M - 1 Which of the following is the amount for which an asset could be exchanged between knowledgeable, willing parties in an arm’s length transaction? Select correct option:

Depreciable Amount Fair Value page 78 Cost Carrying Amount

Question # 5 of 15 ( Start time: 07:14:18 PM ) Total M - 1 When we see the capital with Production capacity or operating capability of the enterprise then it called: Select correct option: The financial concept of capital maintenance page 104 The physical concept of capital maintenance Both physical and financial concept of capital maintenance Neither physical nor financial concept of capital maintenance

Question # 8 of 15 ( Start time: 07:17:58 PM ) Total M - 1 Which of the following is original and planned investigation undertaken with the prospect of gaining new scientific or technical knowledge and understanding? Select correct option:

Research Development Audit Accounting

ReferenceQuestion # 9 of 15 ( Start time: 07:19:21 PM ) Total M - 1 Which of the following is NOT an accounting concept? Select correct option:

Activities aimed at obtaining new knowledge The search, evaluation, final selection and application of research findings

The search for alternatives All of the given optionspage 37

Question # 11 of 15 ( Start time: 07:22:02 PM ) Total M - 1 Which of the following is an asset that necessarily takes a substantial period of time to get ready for its intended use or sale? Select correct option: